📊 Gold (XAU/USD) Price Action Update 🎯
🔹 Current Price: 3,074.46
🔹 Timeframe: 15M
📌 Key Support Levels (Demand Zones):
🟢 3058-3059 – First Support
🟢 3047-3049 – Second Support
📈 Bullish Scenario:
If price holds above 3058, we might see a push towards 3080+ and beyond.
A breakout above 3085 could confirm a strong bullish continuation.
📉 Bearish Scenario:
If price breaks below 3058, the next supports at 3047-3049 will be key reaction zones.
A break below 3047 could signal a deeper retracement.
⚡ Trading Tip:
✅ Look for confirmations before entering buy/sell trades.
✅ Watch for bullish rejection at demand zones for long positions.
✅ Sell near resistance with bearish confirmation.
#Gold #XAUUSD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals #GoldTrading #GoldBulls #GoldBears
🔹 Current Price: 3,074.46
🔹 Timeframe: 15M
📌 Key Support Levels (Demand Zones):
🟢 3058-3059 – First Support
🟢 3047-3049 – Second Support
📈 Bullish Scenario:
If price holds above 3058, we might see a push towards 3080+ and beyond.
A breakout above 3085 could confirm a strong bullish continuation.
📉 Bearish Scenario:
If price breaks below 3058, the next supports at 3047-3049 will be key reaction zones.
A break below 3047 could signal a deeper retracement.
⚡ Trading Tip:
✅ Look for confirmations before entering buy/sell trades.
✅ Watch for bullish rejection at demand zones for long positions.
✅ Sell near resistance with bearish confirmation.
#Gold #XAUUSD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals #GoldTrading #GoldBulls #GoldBears
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.